Roblox Co. (NYSE:RBLX) CAO Sells $274,067.12 in Stock

Roblox Co. (NYSE:RBLX) CAO Amy Marie Rawlings sold 4,468 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.34, for a total transaction of $274,067.12. Following the transaction, the chief accounting officer now owns 75,583 shares in the company, valued at $4,636,261.22. The trade was a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Amy Marie Rawlings also recently made the following trade(s):

• On Monday, February 24th, Amy Marie Rawlings sold 4,090 shares of Roblox stock. The stock was sold at an average price of $61.30, for a total transaction of $250,717.00.
• On Thursday, January 16th, Amy Marie Rawlings sold 5,879 shares of Roblox stock. The stock was sold at an average price of $65.00, for a total transaction of $382,135.00.

Roblox Stock Up 0.5 %

Roblox stock opened at $59.71 on Thursday. The company has a market cap of $36.96 billion, a P/E ratio of -41.18 and a beta of 1.46. Roblox Co. has a 1-year low of $29.55 and a 1-year high of $75.74. The company has a fifty day simple moving average of $64.01 and a 200 day simple moving average of $52.94. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 4.82.

Roblox (NYSE:RBLX) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.13. Roblox had a negative net margin of 25.97% and a negative return on equity of 665.98%. Research analysts anticipate that Roblox Co. will post -1.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RBLX. OTR Global upgraded shares of Roblox from a “mixed” rating to a “positive” rating in a report on Monday, February 3rd. BTIG Research increased their price objective on shares of Roblox from $51.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays cut their price objective on shares of Roblox from $50.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group increased their price objective on shares of Roblox from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Wedbush restated an “outperform” rating and issued a $83.00 price objective on shares of Roblox in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roblox presently has an average rating of “Moderate Buy” and a consensus price target of $64.19.

Institutional Trading of Roblox

A number of large investors have recently added to or reduced their stakes in the company. Integrated Advisors Network LLC acquired a new stake in Roblox in the fourth quarter valued at $201,000. Polar Asset Management Partners Inc. lifted its stake in shares of Roblox by 21.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 82,000 shares of the company’s stock worth $4,745,000 after buying an additional 14,600 shares during the last quarter. American Trust acquired a new stake in shares of Roblox during the 4th quarter worth about $211,000. Mackenzie Financial Corp lifted its stake in shares of Roblox by 14.7% during the 4th quarter. Mackenzie Financial Corp now owns 28,329 shares of the company’s stock worth $1,639,000 after buying an additional 3,633 shares during the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of Roblox during the 4th quarter worth about $223,000. Institutional investors and hedge funds own 94.46% of the company’s stock.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.